Tech Company Financing Transactions

CodaMetrix Funding Round

On 2/27/2023, CodaMetrix landed $55 million in Series A funding from CU Healthcare Innovation Fund, Frist Cressey Venture and Martin Ventures.

Transaction Overview

Company Name
CodaMetrix
Announced On
2/27/2023
Transaction Type
Venture Equity
Amount
$55,000,000
Round
Series A
Investors

CU Healthcare Innovation Fund (Lead Investor)

Frist Cressey Venture (Lead Investor)

Martin Ventures (Lead Investor)

Mass General Brigham Ventures (Lead Investor)

SignalFire (Lead Investor) (Chris Scoggins)

Yale Medicine

Proceeds Purpose
The capital injection will accelerate go-to-market with major provider organizations and health systems, as U.S. healthcare contends with high coding expense, increasing complexity and ongoing skilled labor scarcity further underscoring the critical need for automation to address the chronic inefficiencies that continue to waste 25-30% of every dollar spent in healthcare.

Company Information

Company Status
Private & Independent
Industry
Healthcare IT
Mailing Address
31 Saint James Ave 850
Boston, MA 02116
USA
Phone
(857) 263-3264
Website
www.codametrix.com
Email Address
[email protected]
Overview
We are a team of technology, healthcare, and revenue cycle experts committed to creating AI-powered solutions to reduce physicians' administrative burden. When existing Computer Assisted Coding (CAC) and rules-based NLP solutions weren't cutting it, the physician organizations at Mass General Brigham set out to create their own solution -- CodaMetrix.
Profile
CodaMetrix LinkedIn Company Profile
Social Media
CodaMetrix Company Twitter Account
Company News
CodaMetrix News
Facebook
CodaMetrix on Facebook
YouTube
CodaMetrix on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Hamid Tabatabaie
  Hamid Tabatabaie LinkedIn Profile  Hamid Tabatabaie Twitter Account  Hamid Tabatabaie News  Hamid Tabatabaie on Facebook
Chief Financial Officer
Mark Pottle
  Mark Pottle LinkedIn Profile  Mark Pottle Twitter Account  Mark Pottle News  Mark Pottle on Facebook
Co-Founder
Kevin Schmitt
  Kevin Schmitt LinkedIn Profile  Kevin Schmitt Twitter Account  Kevin Schmitt News  Kevin Schmitt on Facebook

 

 

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